general dynamics corp (GD) Key Developments
General Dynamics Wins $28 Million Contract from US Army
Jun 2 15
General Dynamics announced that the U.S. Army TACOM Lifecycle Management Command has awarded its Land Systems unit a $28.2 million contract to develop several design concepts for the Future Fighting Vehicle Phase 1 effort.
General Dynamics Wins $36 Million Repair and Modification Contract for U.S. Navy Warship
May 20 15
General Dynamics announced its NASSCO business unit won a $36.4 million contract for the repair, maintenance and modernization of U.S. Navy warship USS Mitscher (DDG 57). The contract has a potential value of up to $40 million if all options are exercised. The work is expected to be completed by March 2016.
General Dynamics Corporation Provides Effective Tax Rate Guidance for 2015
Apr 29 15
General Dynamics Corporation provided effective tax rate guidance for 2015. For the year, the company is now anticipating an effective tax rate more in the ballpark of 29.5%.
General Dynamics Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 5, 2015
Apr 29 15
General Dynamics Corporation reported unaudited consolidated earnings results for the first quarter ended April 5, 2015. For the quarter, the company reported revenues of $7,784 million against $7,265 million a year ago. Operating earnings was $1,027 million against $874 million a year ago. Earnings before income tax were $1,009 million against $853 million a year ago. Earnings from continuing operations were $716 million or $2.14 per diluted share against $596 million or $1.71 per diluted share a year ago. Net earnings were $716 million or $2.14 per diluted share against $595 million or $1.71 per diluted share a year ago. Net cash provided by operating activities was $745 million against $422 million a year ago. Capital expenditures were $98 million against $87 million a year ago.
General Dynamics Not Seeking Acquisitions
Apr 29 15
General Dynamics Corporation (NYSE:GD) is not looking for acquisitions. Chief Executive Officer Phebe Novakovic said ""I'm not thinking about M&A because I'm not seeing anything,"